Economy, Energy, OpinionNovember 23, 2020

POWER PLANT PROJECTS KEY TO ECONOMIC DEVELOPMENT
Successful financing of developmental project such as hydro-power plants requires the willingness to invest and dream to grow the sector for the future. Developing both social and economic infrastructure improves not only the quality of people’s lives; it also opens up the country to the outside world, and allows trade and commerce to flourish. Zambia’s […]

EnergyOctober 21, 2020

The changing face of the Zambian power market: Corporate PPAs – fact or fiction?
Whilst many challenges exist within Zambia’s power sector, including the well-documented shortages, outages and off-taker issues, recent changes may usher in a new era. Although Zambia’s power sector is liberalised, with private sector participants playing an important role in generating power, ZESCO Limited (ZESCO), a vertically integrated electricity utility, has historically dominated the Z

Energy, MiningSeptember 27, 2020

Maamba Collieries unveils game changing mining equipment
Minister of Mines and Minerals Development highlights the importance of coal and coal-based electricity to national economy and the country’s energy diversification mix Minister of Mines and Minerals Development Hon. Richard Musukwa, MP this weekend officially inaugurated Maamba Collieries Ltd.’s (MCL) most recent acquisition, the state-of-the-art, high technology Surface Miner. Maamba Collier

Energy, Puma Energy (Z) PlcSeptember 22, 2020

PUMA at half year 2020 – Exchange gains increase “margins”
There are industries that seeing benefits in the deterioration of the kwacha against the dollar. These are industries that see exchange gains adding steroids to the bottom line. Oil marketing is one of them thanks to the cost pass-through mechanisms that are in place through the regulator, ERB. Puma recently published their half-year results for […]

Copperbelt Energy Corporation Plc, EnergyAugust 29, 2020

Mandatory offer for CEC Africa shares made by BP Investments
Quoted company on the Lusaka Securities and Exchange, CEC Africa, has announced that a mandatory offer has been made by BP Investments Limited for purchase minority shareholders stake in the company that has operations in Nigeria. “Shareholders of CEC Africa Investments Limited will be aware that on 17 June 2020, BP Investments Limited purchased shares […]

Copperbelt Energy Corporation Plc, EnergyAugust 19, 2020

CEC Plc forecasts 514% lower earnings
Embattled energy company, CEC PLC, has indicated to shareholders that it expects its earnings per share to be lower at half-year of the current financial year due to debts owed by a former mining customer. “In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board of Directors of […]

Copperbelt Energy Corporation Plc, EnergyAugust 15, 2020

Zambian Energy Corporation withdraws claim against CEC Africa
The letter of demand that was issued to CEC Africa has been withdrawn following an agreement being reached with Zambia Energy Corporation, according to a statement from CEC Africa. “Shareholders of the Company are referred to the Cautionary Announcement first issued on 17 July 2020 in which Shareholders and the market were advised that the […]

Copperbelt Energy Corporation Plc, EnergyJuly 19, 2020

Letter of demand served on CEC Africa
CEC Africa has been served a letter of demand from Zambia Energy Corporation Limited of K15.40 million, according to a statement from the Company. “CECA shares are traded on the second-tier market (referred to as the Quoted Tier) of the Lusaka Securities Exchange (“LuSE”). In compliance with the disclosure requirements under the Act, CECA hereby […]

Copperbelt Energy Corporation Plc, Energy, MiningJune 9, 2020

Konkola Copper Mine parts company with Copperbelt Energy
Barely a fortnight after publishing its 2019-year end financial results which signaled the erosion of value due to impairments caused by its biggest mining customer, Copperbelt Energy Plc (CEC) has announced the end and non-renewal of its power supply contract with Konkola Copper Mine (KCM). “In accordance with Section 11.40 of the Lusaka Securities Exchange […]

Copperbelt Energy Corporation Plc, EnergyMay 27, 2020

CEC Plc reports erosion in 2019 earnings due to ‘MineCo’ impairment
Copperbelt Energy Plc has signaled to the market that it expects to record lower earnings for the financial year 2019 due to unpaid receivables from one of its largest mining customers, according to a statement from the company. “In accordance with the Lusaka Securities Exchange Limited Listings Requirements, the Board of Directors of the Copperbelt […]